Best National Bank operates with a 20 percent required reserve ratio. One day a depositor withdraws $500 from his or her checking account at this bank. As a result, the bank's excess reserves:

Ala carte cable service could overcome inefficient motives that arise when programs can be bundled by cable service providers

Indicate whether the statement is true or false

The interest rate on loans made by banks in the market in which they lend and borrow reserves from each other for very short periods of time is known as the:

a. discount rate. b. legal reserve rate. c. federal funds rate. d. open market rate. e. margin rate.